Ramit Sethi

The average American does not know their numbers.

50% of the people I speak to do not know their own household income.

It's a running joke on my podcast.

I will invite them on every week.

We look at their income.

I go, cool, did you know that number?

They do not know.

If they don't know their income, are we seriously expecting them to feel good about money to do Monte Carlo calculations?

Absurd.

The second thing they need to do beyond knowing their core four numbers is they need to master their money psychology.

Unfortunately, this is not taught.

It's also highly undervalued by people.

Money psychology, no one's going out there to pay to learn how to do it.

They don't think it's that important, but that's also part of the reason they feel bad about money, mostly for their entire lives.

That's part of it.

Again, they're no different.

If you earn money, it doesn't mean you know your income.

But in the same way that if we ask a toddler, do you think it's fair how much candy you're allowed to eat?

And they're like, no.

No.